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Ibstock PLC (IBST.L)

IBST.L on London Stock Exchange

238.60GBp
19 Jul 2019
Change (% chg)

1.60 (+0.68%)
Prev Close
237.00
Open
234.60
Day's High
240.20
Day's Low
234.60
Volume
316,435
Avg. Vol
863,130
52-wk High
284.63
52-wk Low
190.70

Latest Key Developments (Source: Significant Developments)

Ibstock Plc Says Expectations For Full Year Unchanged
Thursday, 23 May 2019 

May 23 (Reuters) - Ibstock PLC ::AGM TRADING UPDATE.GROUP HAS MADE A SOLID START TO YEAR, WITH UNDERLYING MARKET CONDITIONS REMAINING STABLE.EXPECTATIONS FOR FULL YEAR ARE UNCHANGED AND BOARD ANTICIPATES ANOTHER YEAR OF PROGRESS FOR GROUP.FY PERFORMANCE IS EXPECTED TO BE WEIGHTED TOWARDS SECOND HALF, IN PART REFLECTING ENHANCED MAINTENANCE PROGRAMME.  Full Article

Ibstock Announces Sale Of Glen-Gery To Brickworks Limited
Friday, 23 Nov 2018 

Nov 22 (Reuters) - Ibstock Plc ::IBSTOCK - SALE OF ENTIRE ISSUED SHARE CAPITAL OF GLEN-GERY TO BRICKWORKS LIMITED FOR AN ENTERPRISE VALUE OF US$110 MILLION ON A DEBT FREE CASH FREE BASIS.PROCEEDS RECEIVED BY GROUP WILL BE USED TO REPAY DEBT.IBSTOCK - AS A RESULT OF DISPOSAL, AND IN COMBINATION WITH UNDERLYING CASH GENERATION, EXPECT CO'S NET DEBT TO BE AROUND £50 MILLION BY END OF 2018.PREVIOUSLY ANNOUNCED ENHANCED MAINTENANCE PROGRAM IN ITS UK BRICK BUSINESS IS PROGRESSING WELL.GROUP REMAINS ON COURSE TO DELIVER ADJUSTED EBITDA OF £121 MILLION TO £125 MILLION FOR YEAR ENDED 31 DECEMBER 2018.IBSTOCK -AS UNCERTAINTY AROUND ONGOING NEGOTIATIONS FOR UK'S WITHDRAWAL FROM EU PERSISTS, MARKET BACKDROP IN NEW BUILD HOUSING SECTOR REMAINS POSITIVE.  Full Article

Vulcan Value Partners Raises Stake In Ibstock To 10.12 Pct From 5.54 Pct
Wednesday, 5 Sep 2018 

Sept 5 (Reuters) - Ibstock PLC ::VULCAN VALUE PARTNERS, LLC RAISES STAKE IN IBSTOCK PLC TO 10.12 PERCENT FROM 5.54 PERCENT.  Full Article

Ibstock PLC Announces CEO Succession
Friday, 23 Mar 2018 

March 23 (Reuters) - Ibstock Plc ::CEO SUCCESSION.JOE HUDSON WILL BE APPOINTED AS CEO OF COMPANY WITH EFFECT FROM 4 APRIL 2018.WAYNE SHEPPARD WILL RETIRE FROM BOARD ON APRIL 4.  Full Article

Ibstock Says FY ‍revenue 451.6 Mln Stg Versus 434.7 Mln Stg Year Ago​
Tuesday, 6 Mar 2018 

March 6 (Reuters) - Ibstock Plc ::FY ‍REVENUE 451.6 MILLION STG VERSUS 434.7 MILLION STG YEAR AGO​.FY ‍ADJUSTED PROFIT BEFORE TAX 88.3 MILLION STG VERSUS 78.8 MILLION STG YEAR AGO​.‍FY ADJUSTED EBITDA 119.6 MILLION STG VERSUS 111.6 MILLION STG YEAR AGO​.‍FINAL DIVIDEND OF 6.5 PENCE PER ORDINARY SHARE BEING RECOMMENDED FOR PAYMENT ON 8 JUNE 2018​.‍EXPECT MARGIN IMPROVEMENT OF 1-2 PERCENTAGE POINTS FOR OUR UK BRICK BUSINESS IN 2018​.  Full Article

Ibstock CEO ‍Wayne Sheppard to retire in 2018​
Wednesday, 11 Oct 2017 

Oct 11 (Reuters) - Ibstock Plc :‍WAYNE SHEPPARD HAS NOTIFIED BOARD OF HIS INTENTION TO RETIRE IN 2018​.WAYNE SHEPPARD ‍WILL BE SUCCEEDED AS CEO BY JOE HUDSON.  Full Article

Ibstock half-year pretax profit rises
Thursday, 10 Aug 2017 

Aug 10 (Reuters) - IBSTOCK PLC ::HY REVENUE 228.3 MILLION STG VERSUS 210.0 MILLION STG.HY PROFIT BEFORE TAX 38.9 MILLION STG VERSUS 37.9 MILLION STG.INTERIM DIVIDEND 2.6 PENCE.  Full Article